"Markets this week in the U.S. were lower and again a lot of that outside news is influencing some things... along with a strike that's going to start at a very large packing plant on Monday. The looming strike at the JBS packing plant at Greeley, Colorado, is expected to begin March 16, though the facility had already stopped operating earlier in the week as it cleared product from its coolers."
"North of the border, the Alberta fed cattle market held together better. Dressed prices were reported at $538 delivered, while Canfax data shows the average fed steer price in Alberta has climbed to $321 per hundredweight - a new record high."
"We're into some new ground... we don't know how long the strike lasts... so just lots of unknowns. Looking ahead, the market is navigating a growing list of unknowns as producers and traders assess the impact of labour disruptions and shifting export patterns."
U.S. cash cattle markets weakened this week with southern prices in Texas and Kansas dropping $4-$5 to $235-$236, while northern Nebraska trade fell about $5 to $235 live. A looming strike at JBS's Greeley, Colorado facility beginning March 16 created market uncertainty and tightened production. The facility had already ceased operations to clear coolers. Wholesale beef values rose in response, with U.S. Choice cutout increasing about $10 to near $397. Alberta's fed cattle market remained resilient, with dressed prices at $538 delivered and average fed steer prices climbing to a record $321 per hundredweight. Canadian cattle exports shifted toward typical patterns, with fed cattle exports down 38 percent and feeder exports down 59 percent year-over-year, while slaughter cow exports increased 28 percent.
Read at Realagriculture
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